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The price of Alkami Technology Inc (NASDAQ: ALKT) closed at $36.90 in the last session, down -2.36% from day before closing price of $37.79. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 0.58 million shares were traded. ALKT stock price reached its highest trading level at $37.85 during the session, while it also had its lowest trading level at $36.8914.
Ratios:
We take a closer look at ALKT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 674.24. For the most recent quarter (mrq), Quick Ratio is recorded 3.27 and its Current Ratio is at 3.27. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on January 23, 2024, Downgraded its rating to Neutral and sets its target price to $27 from $23 previously.
On December 07, 2023, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $22 to $24.
On July 12, 2023, Goldman started tracking the stock assigning a Buy rating and target price of $21.Goldman initiated its Buy rating on July 12, 2023, with a $21 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 12 ’24 when Linebarger Douglas A. sold 5,239 shares for $38.02 per share. The transaction valued at 199,174 led to the insider holds 248,585 shares of the business.
Linebarger Douglas A. sold 2,219 shares of ALKT for $84,334 on Nov 11 ’24. The Chief Legal Officer now owns 248,585 shares after completing the transaction at $38.01 per share. On Nov 08 ’24, another insider, Linebarger Douglas A., who serves as the Chief Legal Officer of the company, sold 502 shares for $38.00 each. As a result, the insider received 19,076 and left with 248,585 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALKT now has a Market Capitalization of 3708339456 and an Enterprise Value of 3626041600. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.75 while its Price-to-Book (P/B) ratio in mrq is 10.96. Its current Enterprise Value per Revenue stands at 11.491 whereas that against EBITDA is -83.134.
Stock Price History:
Over the past 52 weeks, ALKT has reached a high of $41.36, while it has fallen to a 52-week low of $21.19. The 50-Day Moving Average of the stock is 8.24%, while the 200-Day Moving Average is calculated to be 26.86%.
Shares Statistics:
According to the various share statistics, ALKT traded on average about 643.42K shares per day over the past 3-months and 1518650 shares per day over the past 10 days. A total of 96.72M shares are outstanding, with a floating share count of 54.35M. Insiders hold about 45.92% of the company’s shares, while institutions hold 44.58% stake in the company. Shares short for ALKT as of 1730332800 were 1229645 with a Short Ratio of 1.91, compared to 1727654400 on 1114305. Therefore, it implies a Short% of Shares Outstanding of 1229645 and a Short% of Float of 2.5700000000000003.
